2023—year of bank runs
2023 has been a year of bank runs, most notably in the US. What’s going on? And how should we invest in response? In the latest New Money Review podcast, I talk money, credit, banking and markets with Alex Gloy, founder and chief executive of Lighthouse Investment Management. Listen in to hear us discuss: What is money? The role of credit in the monetary system Interest and the sustainability of debt Why a bitcoin-based monetary system can’t work Digital bank runs and the stability of banks Should governments underwrite all bank deposits? Why markets believe interest rates have peaked How Facebook jump-started central bank digital currencies (CBDC) Why central banks are walking a tightrope with CBDC Why investors should prefer real assets to bonds